The Manufacturers Life Insurance Company Decreases Stock Position in KE Holdings Inc. (NYSE:BEKE)

The Manufacturers Life Insurance Company trimmed its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,812,855 shares of the company's stock after selling 98,381 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.23% of KE worth $51,813,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BEKE. Virtu Financial LLC acquired a new position in shares of KE during the 3rd quarter worth approximately $1,033,000. Tidal Investments LLC raised its holdings in shares of KE by 34.0% in the third quarter. Tidal Investments LLC now owns 23,735 shares of the company's stock worth $473,000 after acquiring an additional 6,017 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of KE by 191.4% during the third quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock valued at $11,750,000 after acquiring an additional 387,598 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of KE during the third quarter valued at $28,956,000. Finally, Headwater Capital Co Ltd purchased a new stake in KE during the 4th quarter worth about $11,052,000. Institutional investors and hedge funds own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.26.

KE Price Performance

NYSE:BEKE traded down $0.14 during trading hours on Tuesday, reaching $20.69. 2,490,819 shares of the company were exchanged, compared to its average volume of 9,505,973. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 3.45 and a beta of -0.73. The stock has a 50 day simple moving average of $20.94 and a 200 day simple moving average of $19.82. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05.

KE Increases Dividend

The company also recently announced a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were given a $0.36 dividend. This is a positive change from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, April 9th. KE's dividend payout ratio (DPR) is 64.58%.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.